December 15, 2017

Seattle Real Estate Mortgage Rates Today 4/25/11

Seattle Real Estate Mortgage Rates Today 4/25/11: Volatility is the expectation on the heels of a 2 day Federal Reserve meeting beginning tomorrow.  Ben Bernanke and the Fed will be delivering their Interest Rate Decision to maintain or suggest a future increase all while issuing their Policy statement on Wednesday.  For the first time ever Ben Bernanke will address the public and the markets with a Chairman’s News Conference at 2:15 PM ET, Wednesday.  The market has been uneasy with the divide in the Federal Reserve with many members calling for QE2 to come to an early end and the fate of future inflation.  The serious questions comes from rising costs of gas, inflation to the consumer being driven higher and the dollar being devalued so low.  Is it a strategy?  Is there light at the end of the tunnel?  For sure the markets will react to his prognosis which will bring volatility.

On top of the Federal Reserve this week reports come from economic data: Consumer Confidence, Gross Domestic Product, Pending Home Sales, Jobless Claims and Corporate Earnings.  The theme of Volatility is ALIVE this week.  And speaking of Home Sales, after taking a beating in January and February New home Sales are up 11% in March! Who said the market is not CYCLICAL!  Media beats up everything to make us tune in, this week media already feels like Dracula who’s thirst has not been quenched in years!  Hang on current and future home owners, it will be interesting.

Timing is everything just as location of the home is critical. Timing in securing an interest rate, BEST rate, is working with a mortgage professional who has their pulse on the market and when best to advise and educate their clients when timing is right. Along with this key knowledge is to be on top of all of the lending and underwriting changes which seem to almost happen daily. We at the Mortgage Reel are Licensed Washington Loan Originators, serving clients with transparency, knowledge and most importantly keeping your goals in mind. How can we assist you today?

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